economic misconduct
[/ˌɛkəˈnɑmɪk ˌmɪsˈkɒndʌkt/]
nounpl: economic misconducts
má conduta econômica
1. Dishonest, unethical, or illegal behavior in economic or financial activities, including fraud, embezzlement, or violation of financial regulations
The audit revealed economic misconduct in the company's financial statements.
A auditoria revelou má conduta econômica nas demonstrações financeiras da empresa.
2. Violation of ethical standards and regulations in business, trade, or commerce
Economic misconduct charges were filed against the executive for insider trading.
Acusações de má conduta econômica foram apresentadas contra o executivo por negociação com informação privilegiada.
3. Improper management or misuse of financial resources
The investigation uncovered economic misconduct in the allocation of company funds.
A investigação descobriu má conduta econômica na alocação dos recursos da empresa.
In Brazil, economic misconduct is a serious concern in both public and private sectors, often covered extensively by media. The term is frequently used in legal proceedings and corporate investigations. In the USA, economic misconduct cases are prosecuted federally and can result in significant criminal penalties. Both cultures view such conduct as a serious violation of business ethics and public trust.
NYC Slang
cooking the books; financial shenanigans; white-collar crime
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